Wednesday, May 16, 2018

Results - May 2018

Markets have kept climbing since the March lows. This is a favorable environment for reversal levels trading. Here is how we did last month.

In April Stein Mart SMRT was our best performer and it has remained on top with further strong gains. The Buy signal was given on 5th March when SMRT could be picked up at $0.73. It now trades at $3.69 for a 405% gain in 51 days.
Tenet Healthcare THC takes second place with a 122% gain in 105 days. California Resources CRC is the new third with a 113% gain in 38 days. Those moves are not finished, stocks are held until their next Sell signal (or Buy signal for a short position).

The current worst trades are short MNLO (-19.5%), followed by long AXON (-13.3%) and short CCRN (-13.1%). Always trying to keep losses small.